Under perfectly competitive market, the
demand curve is -
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We look in more detail how the equilibrium quantity and price is determined in a perfectly competitive market. Perfect Competition # A perfectly competitive firm is a price taker and faces a horizontal demand curve.
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Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping.This means that if any individual firm charged a price slightly above market price, it would not sell any products.
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